The real difference between cloud and share holders, with bankruptcy and going public: consolidation at the expense of members might be the magic word here! Or, how do you turn short-term into long-term liabilities as quickly as possible. It is emphasised in the press release from Lyoness that it only affects Lyoness Europe AG and […]
Marketers were quite surprised when Richard Meixner, CEO of Lyoness Italia, announced the bankruptcy of Lyoness Europe AG and Lyoness International AG through a press release on October 24th, 2023. Apparently, various top leaders were also surprised or reacted highly nervously and irrationally. It is also known that Lyoness has been facing financial difficulties since […]
Many of the Lyconet marketers waited for almost two days at the “Sensation” in Gelsenkirchen on July 7th & 8th, 2023 for the big IPO. Finally, Hubert Freidl announced within 3 minutes and 20 seconds “As of now you are all shareholders” which could also mean “I screwed you up yet again!” Since this event, […]
In a pyramid scheme, you get benefits from recruiting other marketers and getting them to spend money in the scheme as well. In the Lyconet September Outlook, Peter Gruber talks about how Lyconet marketers can recieve their so-called benefits and as always, it’s not all that straightforward: In a pyramid scheme, you get benefits from […]
Source Images: Riegler & Partner ; BE Conflict Management
The judge Mathilde Beranek from the Commercial Court in Vienna, Legal Department 58.1 Vienna, convicted Lyoness as a snowball system and declared the company’s General T&Cs to be null and void (Case No. 581 Cg 44/16y-11). The Austrian Supreme Court’s verdict of 18 May 2017 was already reconsidered during the first proceedings. Among other decisions, […]
The Lyoness General T&Cs from the past have been declared null and void by a court ruling, but also the company’s current General T&Cs have been classified as being immoral.
The cooperation between the Austrian Golf Association and Lyoness no longer exists, as confirmed to us in writing by the Secretary General, Mr. Robert Fiegl. In March 2015, Lyoness announced a long-lasting and groundbreaking partnership with the Austrian Golf Association and its 100,000 members. However, after only one year the “long-lasting” partnership had come to […]
Journalists have treated Lyoness (now “Cashback World”) for a long time as a “pariah” and their latest press release has once again validated this deserved reputation. But have a look for yourself! Press release from the 31st of May 2015 The way Lyoness expresses itself in its latest press release is of almost unsurpassable arrogance. […]
The Supreme Court in Vienna has rejected the appeal On the 18th of May 2017, the Austrian Supreme Court in Vienna delivered a long overdue, 53-pages-long verdict (Verdict Supreme Court General T&Cs, Ref. no. 10 Ob 45/16i) regarding the General T&Cs of Lyoness and rejecting the appeal made by Lyoness. The verdict, which had been […]